Company briefs

Justin Reizes, head of American private equity firm Kohlberg Kravis Roberts’s Australian operation, has joined the board of
West Australian Newspapers
following its takeover of Seven Media Group, which was 45 per cent owned by KKR. WA Newspapers will be officially renamed Seven West Media this week. KKR owns 11.4 per cent of the merged business. Neil Shoebridge

Iron ore junior
Sundance Resources
has raised $60 million through a share placement to institutional investors. The proceeds will be allocated to the development of the company’s Mbalam project in west Africa. Construction at Mbalam is due to begin by the end of the year. Luke Forrestal

Junior gold explorer
Range River Gold
has been placed into voluntary administration after being unable to secure funding to remain in operation. Stephen Longley, David McEvoy and Simon Theobald of PPB Advisory have been appointed as administrators. Luke Forrestal

Roc Oil
blamed a decline in first-quarter revenue on a 29-day shutdown of the Cliff Head oilfield in Western Australia because of a contamination problem that has since been rectified. Sales fell to $US46.4 million ($43.2 million), down 6.1 per cent on a year earlier and 38 per cent lower than the December quarter. Angela Macdonald-Smith

Washington H Soul Pattinson & Co
has supported technology manufacturer Quickstep securing a $17.3 million convertible note facility with US financier La Jolla Cove Investors together with a share placement to investors including Washington. The funds will be used to prepare for work on the F35 Joint Strike Fighter program. Michael Hobbs

Leighton Holdings
has a $128 million contract to build accommodation and workshops for the Abu Dhabi Company for Onshore Oil Operation and a $27 million contract to make chilled water facilities for Abu Dhabi’s new Zayed University. Jenny Wiggins